Lockheed Martin beats Q3 estimates, lifts 2026 sales and earnings outlook (LMT:NYSE)

Lockheed Martin (LMT) reported Q3 2026 sales up 11% YoY to $20.7B, raised full-year guidance, and expanded backlog to $292B. The company offers a 2.37% dividend yield with a 50% payout ratio and 5.4% 3-year growth. GF Score is 88/100, indicating strong financial health. Insiders sold $4M in shares, while 21 top gurus hold LMT, with mixed activity.

Lockheed Martin (LMT) reported Q3 sales up 11% to $20.7B, net earnings up 14% to $1.8B. Shares rose 6.24% to $585.94. Backlog hit a record $292B, with $52.5B from a PAC-3 contract. Free cash flow was $3B, and the annual forecast was raised to $7.8B-$8B.

The Pentagon and Lockheed Martin have agreed on a preliminary deal for at least 850 F-35 fighter jets over the next decade, with annual production of 156 aircraft. Lockheed Martin will invest $7 billion in program initiatives. The deal is subject to final approvals and may support U.S. jobs and economic activity.

Lockheed Martin and the Pentagon agreed on a 10-year deal for 850 F-35 fighter jets, spares, and maintenance. The deal, pending Congressional approval, is expected to generate $79B in annual economic activity and support 317,000 jobs. Lockheed Martin will invest $7B in the program, aiming to expand capacity and improve efficiency.

The US Department of War and Lockheed Martin proposed a 10-year framework for producing 850 F-35 aircraft, with annual production at 156 units. The plan aims to cut costs, strengthen supply chains, and support 317,000 jobs. Final contracts require multiyear authority and funding. Lockheed Martin estimates $79bn in annual economic activity and billions in savings over the F-35's lifecycle, according to the company.

Lockheed Martin secured a 10-year Pentagon deal for F-35 fighter jet production, committing $7B to the program. The agreement, pending approval, includes delivering 850 aircraft to the U.S. and maintaining 156 annual production. Lockheed expects to support 317,000 jobs and generate $790B in economic activity, with cost savings for taxpayers.